Aon Lowers Profit Target,
Blaming Restructuring Costs

A Wall Street Journal Online NEWS ROUNDUP

Updated April 19, 2002 1:57 p.m. ET

CHICAGO -- Insurance broker Aon Corp. said its first-quarter and full-year earnings won't meet its targets because of higher employee-compensation costs at the company's U.S. retail-brokerage operations.

Aon said Friday that it expects to earn 45 cents to 48 cents a share for the first quarter, excluding a tax-settlement gain of $48 million, or 11 cents a share. The consensus estimate from 14 analysts surveyed by Thomson...